Regal Entertainment Group (RGC) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS
Regal Entertainment Group (NYSE:RGC) announced its quarterly earnings data on Monday. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.01, Bloomberg Earnings reports. Regal Entertainment Group had a net margin of 5.51% and a negative return on equity of 21.38%. The company had revenue of $764.20 million for the quarter, compared to analyst estimates of $764.15 million. During the same quarter in the prior year, the company posted $0.23 EPS. Regal Entertainment Group’s revenue for the quarter was down 2.8% on a year-over-year basis.
Regal Entertainment Group (RGC) traded up 1.51% on Wednesday, reaching $20.20. 1,938,713 shares of the company traded hands. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 17.72 and a beta of 0.93. Regal Entertainment Group has a 1-year low of $18.85 and a 1-year high of $24.79. The stock’s 50-day moving average is $20.14 and its 200-day moving average is $21.37.
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RGC has been the topic of a number of analyst reports. FBR & Co restated a “hold” rating and issued a $23.00 target price on shares of Regal Entertainment Group in a report on Monday, April 3rd. Wedbush restated an “outperform” rating and issued a $26.00 target price (up previously from $25.00) on shares of Regal Entertainment Group in a report on Friday, April 7th. Benchmark Co. restated an “outperform” rating and issued a $22.00 target price on shares of Regal Entertainment Group in a report on Friday, April 14th. B. Riley restated a “buy” rating and issued a $28.75 target price on shares of Regal Entertainment Group in a report on Wednesday, April 19th. Finally, Zacks Investment Research upgraded shares of Regal Entertainment Group from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday, April 20th. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Regal Entertainment Group currently has an average rating of “Hold” and an average target price of $24.86.
About Regal Entertainment Group
Regal Entertainment Group is an operator of theatre circuits in the United States. As of March 31, 2017, the Company operated 7,262 screens in 559 theatres in 43 states along with Guam, Saipan, American Samoa and the District of Columbia. The Company manages its business under theatre exhibition operations segment.
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